Originally posted by NotAllThere
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New company formation - dividend split husband/wife
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Originally posted by TheCyclingProgrammer View PostEven if you don't pay them a salary, if you're making your spouse a shareholder do strongly consider making them either a director or company secretary so they can be eligible for entrepreneurs relief in the future on any capital distribution, or you could end up paying more CGT than you need to.
Currently the missus is only the Co Secretary and will be a 50% shareholder (once its been agreed and accountant gives the nod).
Should I also make her a Director as well? Does it strengthen the case for Entrepreneurs Relief or is Co Secretary enough?Comment
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Originally posted by ContractorBanking View PostThanks for that - that's a very good point indeed. Going to chase up with my accountant.
Currently the missus is only the Co Secretary and will be a 50% shareholder (once its been agreed and accountant gives the nod).
Should I also make her a Director as well? Does it strengthen the case for Entrepreneurs Relief or is Co Secretary enough?
Edit: "Disposal of shares in your personal company":
https://www.gov.uk/government/public...ing-conditions
you must be either an officer or employee of that company (or an officer or employee of one or more members of the trading group)Last edited by TheCyclingProgrammer; 10 November 2015, 13:55.Comment
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Originally posted by NotAllThere View PostMine has found errors my former accountant made that will result in a nice tax refund.Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by LucidDementia View PostAgreed. It worries me when I see couples talking about "his money" and "my money".
How can you share a life but not share everything in that life?
A little off topic now though, so I'll stop pontificating.Blood in your pooComment
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Originally posted by Sausage Surprise View PostBecause some women (and men) are crap with money. If me and my ex had had a joint account she'd have bankrupted me years ago.
All I need to do is occasionally sit here down and have a quiet word. Still annoying mind that I have to keep doing it.Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by ContractorBanking View PostThanks for that - that's a very good point indeed. Going to chase up with my accountant.
Currently the missus is only the Co Secretary and will be a 50% shareholder (once its been agreed and accountant gives the nod).
Should I also make her a Director as well? Does it strengthen the case for Entrepreneurs Relief or is Co Secretary enough?Comment
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70/30 herePoliticians are wonderfull people, as long as they stay away from things they don't understand, like working for a living!Comment
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Originally posted by portseven View Post70/30 here
Curious to know the reasoning behind the split.Comment
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Originally posted by ContractorBanking View PostWhat's the reason for the 70/30 split and why not 50/50?
Curious to know the reasoning behind the split.Politicians are wonderfull people, as long as they stay away from things they don't understand, like working for a living!Comment
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